CA > Oxnard > Oxnard: Other - 0034
Oxnard, CA 93033,2951 Albany DR
Oxnard, CA 93033,2951 Albany DR
Oxnard, CA 93033,2951 Albany DR
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$7,700,000
Est. payment /mo
1.01 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Oxnard: Other - 0034

MLS Listing ID V1-30104

HOA Y/N No

Year Built 1974

Lot Size 1.010 Acres

Property Description

Excellent opportunity to acquire a 32-unit well maintained Oxnard apartment building with ideal unit mix and major rental rate upside within 1 mile of Oxnard Community College. 2951 and 3011 Albany Drive includes (2) 2-story 16-unit apartment buildings w/ secure gated entry featuring (20) 2BD/1BA and (12) 1BD/1BA apartments set on just over 1 acre. Assigned Carport parking in rear and each building has its own onsite laundry room. Separately metered for gas and electricity. 2 Water Heaters. Roofs were recently replaced and exterior repainted. Very convenient location for tenants just off intersection of Channel Islands/Rose and Oxnard Boulevards with abundant shopping, medical clinics and Oxnard College nearby. Current rents more than 35% below market. Solid long term investment opportunity with room to bring rents up to market over time (subject to Oxnard 4% rent control). Offered at a 5.0% CAP rate on current rents and an appealing 7.9% CAP rate on market rents.

Location

State CA

County Ventura

Area Vc34 - Oxnard - Southeast

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Appliance Gas Range

Laundry Laundry Room

Exterior

Carport Spaces 32

Fence None

Pool None

Community Features Biking

View Y/N No

View None

Total Parking Spaces 32

Private Pool No

Building

Lot Description Sprinklers None

Story 2

Others

Senior Community No

Tax ID 2210061185

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Nicholas Henry • Beachside Partners

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